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one party saying you can't cut defense and you can't raise taxes and the other saying you can't touch entitlements. until both sides are willing to put everything on the table and make those tough choices, we're going to continue to play games. that's the problem in this town right now. >> first of all, you've held up pretty well. >> that's a very thoughtful guy. i'm with him. >> this is 1989. i'll take the republican president, we had a democratic house, democratic senate. >> there's your issues. >> same political log jam. >> exactly. >> so nothing changes or maybe should we actually feel more optimistic? >> i'll tell you, the difference was ultimately at that time the leadership on both democratic and republican sides came together to develop some very important budget agreements that ultimately balanced the budget and created a surplus. what has to happen is we've got to go back to that same dynamic where the leadership is willing to say to the members you have got to sit down in a room and develop the kind of comprehensive package to resolve this fiscal crisis. >> what's your advi
one party saying you can't cut defense and you can't raise taxes and the other saying you can't touch entitlements. until both sides are willing to put everything on the table and make those tough choices, we're going to continue to play games. that's the problem in this town right now. >> first of all, you've held up pretty well. >> that's a very thoughtful guy. i'm with him. >> this is 1989. i'll take the republican president, we had a democratic house, democratic senate....
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expected to slow in spring as deals dry up and consumers clamp down because of gas prices and the payroll tax hike. >>> 4:23 is our time. many of you are dreading it right now. the stress that comes with going to work. new research shows the impact it could have on your health. >>> and the new numbers out today that show jobs people dodge paying on the dulles toll road. >>> we're monitoring road conditions for you at this hour with all that overnight rain. we'll >>> 4:26 is your time. you're looking live at interstate 495 at the woodrow wilson bridge. obviously wet roads to deal with as you work your way out to the highways had morning. a complete look at what you can expect trafficwise and weatherwise in a moment. >>> we're still waiting for a comment from the redskins over renewed pressure to change the team's name. hundreds much people packed the national museum of the american indian yesterday for a symposium on racial stereotypes in sports. the redskins name played a prominent role in the discussion. some american indians call it racist. on the streets of washington, fans are divided on
expected to slow in spring as deals dry up and consumers clamp down because of gas prices and the payroll tax hike. >>> 4:23 is our time. many of you are dreading it right now. the stress that comes with going to work. new research shows the impact it could have on your health. >>> and the new numbers out today that show jobs people dodge paying on the dulles toll road. >>> we're monitoring road conditions for you at this hour with all that overnight rain. we'll...
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they'll pay more taxes than they receive. they'll create a much more dynamic economy. and the last week in washington, we've been side tracked off this potential to actually give some growth to our economy by issues of how many links are in the chain we're going to build. what's going to trigger what. does gay marriage affect all of this? it's like this moral i]obtusene. this is our only shot at getting a growing economy. this attempt to win the race for global talent out there, and we are debating socrates. >> it does seem like the politics of this is coming together. robert, you're here. i want to quickly talk about guns in this respect. the president, a picture of him skeet shooting. we know that there had been a kerfuffle, this idea was he really -- the president said yes, he had fired a gun. i do have to ask you, have you seen him skeet shoot? >> i have not. but camp david for him is a private retreat that he spends most of the time with his family. i don't think it's whether or not the president shoots a gun regularly or even if he shoots it well. >> let's partic
they'll pay more taxes than they receive. they'll create a much more dynamic economy. and the last week in washington, we've been side tracked off this potential to actually give some growth to our economy by issues of how many links are in the chain we're going to build. what's going to trigger what. does gay marriage affect all of this? it's like this moral i]obtusene. this is our only shot at getting a growing economy. this attempt to win the race for global talent out there, and we are...
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the irs, it's cracking down on criminals who use stolen identities to seek thousands of dollars in tax refunds. the agency says that a january sweep of 32 states and prt to ricco found 400 identity theft suspects, including more than 100 arrested. the number of irs identity theft investigations tripled last year centering on high risk cities like san francisco, l.a., new york, and miami. the irs says that its investigations and in-house filters helped find $20 billion in what would be fraudulent tax refunds last year. >> good to see you. >>> restaurants across our area are offering special dishes for valentine's day. also the options of making something special at home. so chef martinez joins us this morning with his idea of a perfect dish to share. welcome. good to see you. >> welcome. how are you? >> fine. you have a lot of fabulous looking things here. i can't guess what it's going to look like when you put it to the. you call it scallops? >> it's really nice scallop that we did from cape cod this morning. super fresh. and we're going to serve it with a traditional salad and it's ba
the irs, it's cracking down on criminals who use stolen identities to seek thousands of dollars in tax refunds. the agency says that a january sweep of 32 states and prt to ricco found 400 identity theft suspects, including more than 100 arrested. the number of irs identity theft investigations tripled last year centering on high risk cities like san francisco, l.a., new york, and miami. the irs says that its investigations and in-house filters helped find $20 billion in what would be...
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Feb 7, 2013
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not as the raid was assault but too short a tax six hours apart. >> the confirmation hearing for nominee didama's in not start off as planned. protesters interrupted so many times the chairman stop the hearings of the room could be cleared. joins us.oper brennan did not even get his opening remarks. >> that the nomination has been surrounded by controversy. the chairman even complimented him for his forthcoming nature by he is surrounded about how the obama itsnistration is conducting war on terror. pakistan, a sum dalia -- >> please remove that woman. >> before the committee could get under way -- >> you are killing children. >> protesters interrupted the proceedings. >> the next time we are going to the chamber. >> dianne feinstein kicked out all observers. >> we have done this five times now. five times are enough. >> nc nominated the official to cia, there has been controversy surrounding techniques in the war on terror. members are furious they have been kept in the dark about drone strikes. >> why did they feel we were being trusted? brennan says he will protect secrecy and transpa
not as the raid was assault but too short a tax six hours apart. >> the confirmation hearing for nominee didama's in not start off as planned. protesters interrupted so many times the chairman stop the hearings of the room could be cleared. joins us.oper brennan did not even get his opening remarks. >> that the nomination has been surrounded by controversy. the chairman even complimented him for his forthcoming nature by he is surrounded about how the obama itsnistration is...
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Feb 9, 2013
02/13
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budget deficits, debt, the tax collector for the welfare state. it should have a whole panoply of issues. that part i agree with eric cantor on. >> i was in the front row listening to that speech. if i closed my eyes and didn't know who was standing behind that podium i would have thought it was barack obama. he came out for all sorts of progressive things. but he doesn't attach any legislation to the. he is just trying to change the surges and he has the slogan, making life work for more people. but, you know, he's a politician. he's supposed to be making government work. he acts like a life coach. >> eleanor, if it had been barack obama, you would have supported everything he said. >> i >>> issue four. immigration reform. >> it's no secret that there are more than 11 million people here illegallily, many of whom have become part of the fabric of our country. they, like us, have families and dreams. while we are a nation that allows anyone to start anew, we are also a nation of laws, and that's what makes tackling the issue of immigration reform
budget deficits, debt, the tax collector for the welfare state. it should have a whole panoply of issues. that part i agree with eric cantor on. >> i was in the front row listening to that speech. if i closed my eyes and didn't know who was standing behind that podium i would have thought it was barack obama. he came out for all sorts of progressive things. but he doesn't attach any legislation to the. he is just trying to change the surges and he has the slogan, making life work for more...
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these are provisions in the tax code that give tax breaks to certain groups of taxpayers but not all taxpayers. you might be surprised to learn when you add that up on an annual basis it equals about as much revenue as we bring in from the tax code. that $1. trillion a year we spend in tax expenditures. not all of those are necessary. like not all spending is necessary, not all tax expenditures are necessary. we can certainly save over a ten-year period a couple hundred billion dollars by reducing these tax expenditures. that needs to be part of the equation, revenue. we also need to bring down mandatory spending. it represents -- we spend much more in mandatory spending than we do in the appropriation process in government. and you know that the anguish we go through every year on appropriations. we need to bring down our mandatory spending. the best way to do that is to bring down the cost of healthcare which would reduce not only medicaid and medicare cost, but also the cost to our economy of healthcare. and working on those proposals. then we can save money on the military side w
these are provisions in the tax code that give tax breaks to certain groups of taxpayers but not all taxpayers. you might be surprised to learn when you add that up on an annual basis it equals about as much revenue as we bring in from the tax code. that $1. trillion a year we spend in tax expenditures. not all of those are necessary. like not all spending is necessary, not all tax expenditures are necessary. we can certainly save over a ten-year period a couple hundred billion dollars by...
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questions remain with future tax with american interests. fox news correspondent with our report. >> based on time, ed distance. >> the redneck gets in on negative gone there in time. >> it takes hours to be able to respond. >> defense secretary panetta and chief dempsey said by the military could not do more to save the lives of about sitter christie's -- chris stevens and benghazi wants whatever 11th. >> in a the state's military is not and frankly not should be and then on one service capable of arriving on the scene within minutes to every possible contingency around the world >> republican senators were not satisfied. >> did you know, how long the attack would last? >> no idea is to make it last two days and never airplanes in the world before it was concluded? >> no senator. >> your responses are very inadequate and the same inadequacy for the security that you provided at the consulate. >> what did the president know and what he knew it. >> he did not asking about visibility what we could do? did you have further communications that n
questions remain with future tax with american interests. fox news correspondent with our report. >> based on time, ed distance. >> the redneck gets in on negative gone there in time. >> it takes hours to be able to respond. >> defense secretary panetta and chief dempsey said by the military could not do more to save the lives of about sitter christie's -- chris stevens and benghazi wants whatever 11th. >> in a the state's military is not and frankly not should be...
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Feb 7, 2013
02/13
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it would involve tax increases by enclosing tax loopholes and spending cuts. republicans are apparently planning to reoffer legislation in the past that would cut the federal work force. anne-marie? >> susan mcginnis in washington, thank you. >>> well, the senate armed services committee has postponed a vote on chuck hagel, president obama's choice to replace pea any ta. the committee wants more information about hagel's finances. >>> and news that the postal service is cutting back mail delivery to five days a week is not sitting well in rural areas of the country or with letter carriers but the post master carrier said it's a choice the service had to make. danielle nottingham reports. >> reporter: no more mail on saturdays. to save money, the u.s. postal service is ending saturday first-class mail delivery beginning in august. many customers saw this day coming. >> i think it's probably long overdue because they've been having so many budget issues. >> i've been doing everything online for a really long time so i don't think it's necessarily going impact my
it would involve tax increases by enclosing tax loopholes and spending cuts. republicans are apparently planning to reoffer legislation in the past that would cut the federal work force. anne-marie? >> susan mcginnis in washington, thank you. >>> well, the senate armed services committee has postponed a vote on chuck hagel, president obama's choice to replace pea any ta. the committee wants more information about hagel's finances. >>> and news that the postal service is...
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the president is working to close tax loopholes including what he calls tax breaks for private jet owners. the national business aviation administration says closing the loophole would punish the one million-plus employees who work in the industry and would hurt the $150 billion in economic activity. >>> overnight, somebody in virginia jumped up quite a few tax brackets. >>> also, a very close call for a local business owner. >>> a news4 exclusive this morning. the owner of a local deli talking about the moment an explosion leveled his store and nearly killed him. what he told us from his hospital bed and why police are saying this is no accident. >>> good morning, i'm aaron gilchrest. >> i'm eun yang. someone in the commonwealth is waking up happy and wealthy. overnight we learned someone in virginia hit the powerball jackpot. where that ticket was sold and how much it's worth ahead at 6:40. >>> right now, we're tracking a major storm bearing down on the northeast. take a look at the radar here. two storms will merge. when they do, they could dump two feet of snow on new england, yes, fe
the president is working to close tax loopholes including what he calls tax breaks for private jet owners. the national business aviation administration says closing the loophole would punish the one million-plus employees who work in the industry and would hurt the $150 billion in economic activity. >>> overnight, somebody in virginia jumped up quite a few tax brackets. >>> also, a very close call for a local business owner. >>> a news4 exclusive this morning. the...
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Feb 6, 2013
02/13
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package of spending cuts and tax cuts but to the republicans suggested instead cutting the federal work force. today outgoing defense secretary leon panetta warned failure to get a deal will have real consequences for u.s. military readiness. >> this is not a game. this is reality. >> if the automatic cuts go into effect he says expect action from the pentagon including furloughing as many as 800,000 civilian workers for up to 22 days. cutting back on army training and maintenance, shrinking naval operations and reducing air force flying hours and weapons and its. today a group of house republicans proposed cutting the federal work force by 10%. >> our defense should not be used as a bargaining chip because of other policy aspirations of people want to accomplish. >> house speaker john boehner called sequestration a bad idea. he says it was forced upon republicans by president obama. >> it is taking a meat ax to our government and many programs in national defense. >> experts warn the impact would be especially felt in the washington area. >> i am very concerned about it. >> this car sa
package of spending cuts and tax cuts but to the republicans suggested instead cutting the federal work force. today outgoing defense secretary leon panetta warned failure to get a deal will have real consequences for u.s. military readiness. >> this is not a game. this is reality. >> if the automatic cuts go into effect he says expect action from the pentagon including furloughing as many as 800,000 civilian workers for up to 22 days. cutting back on army training and maintenance,...
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Feb 8, 2013
02/13
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now he wants another tax increased. this guy is an alcoholic for higher taxes and he's looking for any excuse to try to get republicans into that breyer patch and the big difference between this fight over the sequester and the fiscal cliff, obama had the upper hand with the fiscal cliff but a big increase would happen automatically. now the republicans have the upper hand. if we do nothing, we finally slightly reduce the growth rate of federal spending. i know it gets jared and the keynesians all upset. it would be good for our economy. >> so far we have cut $1.5 trillion of spending over ten years and raised about $600 billion in taxes. if cutting spending helped the economy, we ought to be doing better than we're doing right now. now, i think you guys have a point about the tax increases. it matters less when you're talking about raising taxes on people who are no income or liquidity constrained, folks at the top the scale. but i take your point. i don't think it makes sense, for example, to say let's not do these cu
now he wants another tax increased. this guy is an alcoholic for higher taxes and he's looking for any excuse to try to get republicans into that breyer patch and the big difference between this fight over the sequester and the fiscal cliff, obama had the upper hand with the fiscal cliff but a big increase would happen automatically. now the republicans have the upper hand. if we do nothing, we finally slightly reduce the growth rate of federal spending. i know it gets jared and the keynesians...
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Feb 6, 2013
02/13
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two model income tax -- model tax and income tax and consumption tax. the author of that study was the deputy assistant secretary was basically pushing the consumption tax idea, and this book blueprints for basic tax reform was a very influential book, and a proposal. by the way to make casey think all the economists favor that to make a big influence on that was a harvard professor wedding -- also an advocate of the consumption tax. this resurfaced later in a proposal by senators nunn and beachy in the 1990's the usa tax , a second idea that was very popular with the so-called flat tax that was a book by professors hall at stanford originally published in 1982, a was not an original idea with them. it came from milton friedman book capitalism and freedom where he has a chapter of the ideal income-tax. the ideal income tax he describes is actually the flat tax which is actually consumption tax. the city was picked up by house majority leader dick armey and by presidential candidate steve forbes in the 1990's, again, like all these other plans to make di
two model income tax -- model tax and income tax and consumption tax. the author of that study was the deputy assistant secretary was basically pushing the consumption tax idea, and this book blueprints for basic tax reform was a very influential book, and a proposal. by the way to make casey think all the economists favor that to make a big influence on that was a harvard professor wedding -- also an advocate of the consumption tax. this resurfaced later in a proposal by senators nunn and...
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looks like no new taxes. what's your take on the market? >> well, the market looks pretty good here. the fed has redefined risk. everybody now believes that bonds are riskier than stocks. we're seeing performance chasing. we're seeing underallocated pension funds come into the market. the s & p new highs. the russell new highs. transports new highs. so we may not get a very big correction here, larry. i'm getting more calls by nervous bond buyers than i am nervous stock investors. so i think the market has some tail winds here. but they're ignoring some risk. but in the intermediate term i think the market goes higher, maybe 1580 on the s & p. >> good stuff. jimmy. come back to you on that. small caps doing well. big caps doing well. transportation stocks doing well. and maybe bonds are riskier than stocks. what's your take? >> well, like we said earlier in the show it's been six weeks in a row of rallying that. hasn't happened in 42 years. you better believe that makes me nervous. yesterday i thought the correction was afoot turned out to
looks like no new taxes. what's your take on the market? >> well, the market looks pretty good here. the fed has redefined risk. everybody now believes that bonds are riskier than stocks. we're seeing performance chasing. we're seeing underallocated pension funds come into the market. the s & p new highs. the russell new highs. transports new highs. so we may not get a very big correction here, larry. i'm getting more calls by nervous bond buyers than i am nervous stock investors. so...
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Feb 5, 2013
02/13
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a, they haven't shown these tax filings to anyone else. this part of a personal friendship that blossomed from dan cathy and the campus lgbt pride. and they have not advertised it widely. dan cathy was out there saying i think my statement versus been mischaracterized. so i think it's too soon to go back for the chicken. >> and if you said it was okay, i wasn't even finishing the segment. >> that's exactly right. please keep us posted. >> i think it's important to remember there is a difference between being able to have a good conversation and have knows experiences and having made a difference in the change of their policies. >> well, let's keep fingers crossed. thanks shana. aire wejayar, we watched the super bowl together. >> the party was so crazy i missed a few of the commercials. but this is a good opportunity to run through the best ones and worst one depending on your point of view. i missed this. the dodge ad with the farmer. let's check that one out first. >> god said i need someone willing to get up before dawn, milk cows work
a, they haven't shown these tax filings to anyone else. this part of a personal friendship that blossomed from dan cathy and the campus lgbt pride. and they have not advertised it widely. dan cathy was out there saying i think my statement versus been mischaracterized. so i think it's too soon to go back for the chicken. >> and if you said it was okay, i wasn't even finishing the segment. >> that's exactly right. please keep us posted. >> i think it's important to remember...
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Feb 4, 2013
02/13
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> the state sponsored python challenge in accomplished a couple of things many americans don't associate with government, making a couple of dollars and delivering some results but enough? today a deep dive into the snake hunt that's become the talk of south florida. the florida fish and wildlife conservation commission is enlisting the public's help in getting rid of burmese pythons that invaded the ever glades. some grow up to 26 feet, can weigh over 200 pounds and they eat everything, not just rabbits and raccoons, bobcats and deer. look at this python trying to constrict a full grown alligator. this snake burst trying to swallow this six-foot gator. >> the entire ecological apple
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> the state sponsored python challenge in accomplished a couple of things many americans don't associate with government, making a couple of dollars and...
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. >> the city hopes it will keep the tax revenue here comp is chpted to be hundreds of thousands of dollars. there are other cities that open on sundays as well. the owners said they did not want to make the workers come in on their only day off so we'll have to see how it shakes out. >> first time in 80 years not bad. president obama got a chance to weigh in on some issues during the pre-super bowl interview. he talked about the deficit and by making reductions in spending. he talked about football. mr. obama says the threat of con suggestions for football players means everything should be done for safety, special if you are youth. the standoff between a man holding a young boy hostage and police and what investigators are saying about the situation tonight. >> panetta is speaking out r out about chuck hagel. >> there is no time like the present for john kerry >> still no end in sight to that hostage standoff in alabama. jim continues to hold a 5-year-old boy in a bunker. they have been communicating with him and they are able to provide medicine to the child. ethan will turn 6 years old
. >> the city hopes it will keep the tax revenue here comp is chpted to be hundreds of thousands of dollars. there are other cities that open on sundays as well. the owners said they did not want to make the workers come in on their only day off so we'll have to see how it shakes out. >> first time in 80 years not bad. president obama got a chance to weigh in on some issues during the pre-super bowl interview. he talked about the deficit and by making reductions in spending. he...
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and california has an income tax so they will win this one. california income tax is 13.3%. you heard me right, 13.3%. texas income tax rate for individuals is 0%. and again, another check mark. corporate income tax, california 8.84%. don't ask me why they want .4 in that. but there it is. texas, to keep it simple, zero, another check mark for texas. dead, california $75. that is a pretty good chunk of change. texas, $15 billion. again, another check mark. the poverty rate, california has the highest poverty rate in the country for crying out loud, 23.5%. 23.5%. again, the highest in the nation. texas, .5%. i should have made that lower on the board. graduation rates, california not too bad, 76% graduation rates in california, doesn't ke up with texas, 86% graduation rates. the score, 8-0. california zero in that contest. governor brown, think there is a clear message here. don't mess with texas. a new coalition, iran with a bold strategy saying it has already gone nuclear. gun violence in entertainment is the highest caliber. ben willis on the second amendment. president ob
and california has an income tax so they will win this one. california income tax is 13.3%. you heard me right, 13.3%. texas income tax rate for individuals is 0%. and again, another check mark. corporate income tax, california 8.84%. don't ask me why they want .4 in that. but there it is. texas, to keep it simple, zero, another check mark for texas. dead, california $75. that is a pretty good chunk of change. texas, $15 billion. again, another check mark. the poverty rate, california has the...
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the cost of the blizzard will also tax city budgets. hare in -- here in new york, for every inch of snow it costs the city $1 million to clear and remove the white stuff. center businesses, though, the snow can also be a big opportunity to make a little money. michelle franzen is in central park with that part of the story. good morning. >> reporter: well, good morning, erica. it's picturesque here in central park. when a storm like this big hits, it can wipe out the annual snow-removal budget for cities in jus one shot. millions of dollars spent on sand, salt, and snowplows and removal. but there are also businesses and retailers that thrive during and after the storm. when the weather outside is frightful, some people have to be out in it. whether working the plows or traveling snow-packed roads. >> the conditions are horrible. yeah, we've obviously had worse. it's only going to get worse from here. >> reporter: then there are those who revel in whatever mother nature dishes out. >> it's beautiful. i love it. it's been two years, yeah
the cost of the blizzard will also tax city budgets. hare in -- here in new york, for every inch of snow it costs the city $1 million to clear and remove the white stuff. center businesses, though, the snow can also be a big opportunity to make a little money. michelle franzen is in central park with that part of the story. good morning. >> reporter: well, good morning, erica. it's picturesque here in central park. when a storm like this big hits, it can wipe out the annual snow-removal...
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Feb 5, 2013
02/13
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FOXNEWS
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. making the big romantic gesture. that's powerful. verizon. get a nokia lumia 822 in red for free. >>. >> greta: this fox news alert. new information as to hostage standoff in alabama comes to a dramatic end. ever since the standoff started we have heard names that jim any leedykes was mean and he hated the government. live in midland city with more on this suspect. he sounds like a horrible man. he had taken a pipe to kill the neighbor's dog. were there no red flags in the community about this man? >> well, he only lived here for a couple of years. we had heard he had grown up here or born here and moved away. went to vietnam and lived in florida and came back. no at lot of people knew
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. making the big romantic gesture. that's powerful. verizon. get a nokia lumia 822 in red for free. >>. >> greta: this fox news alert. new information as to...
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Feb 7, 2013
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taxes. if the sequester is allowed to take place and a continuing resolution is not fixed, the department of defense stands to lose billions of dollars. the vice chairman of the joint chiefs said, "there could be for the first time in his career instances where he may be asked to respond to the crisis, and we may not be able to do it." where i am really pleased to the committee that we have and the minority in the senate, we have a lot of talent there. we will use all of that talent, we have people who are heading up are six committees, senators sessions, mccain, gramm, a -- ayotte and others on the committee. it has been my strategy in the past use this town to make sure they are the ones who will be driving it. senator ayotte. it will not be a one-man show. senator ayotte is the one who has been driving this so far. with this, the bill, which will explain what we will be doing with that. kelly? >> thank you, senator inhofe. i want to for thank senator mckeon and my colleagues senators mcca
taxes. if the sequester is allowed to take place and a continuing resolution is not fixed, the department of defense stands to lose billions of dollars. the vice chairman of the joint chiefs said, "there could be for the first time in his career instances where he may be asked to respond to the crisis, and we may not be able to do it." where i am really pleased to the committee that we have and the minority in the senate, we have a lot of talent there. we will use all of that talent,...
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income tax. get rid of t. the fair tax proposal, 23% of every sale. what do we do? get rid of the irs and income taxes. go to a use tax. you want this? you pay the tax on it. >> that makes a lot more sense -- >> very similar. >> similar concept. >> can i make one point about obamacare -- you start as soon as tai they are born, and start saving. does he recognize there are millions of people who can't begin to save anything? >> but what he is saying is a lot of states have put forward tax credit programs. if you want to save for a college education, you can set up a fund. there are mill knowios who couldn't save. >> but they have cell phones and flat-screen tvs in their house. so they can save. if you can buy a phone, you can get health care. by the way, the doctor -- all the doctor was doing was making a point that all doctors are making that no one understands. they're small businessmen. they are small businessmen -- [overlapping dialogue] >> i would have loved to have that opportunity. if anybo
income tax. get rid of t. the fair tax proposal, 23% of every sale. what do we do? get rid of the irs and income taxes. go to a use tax. you want this? you pay the tax on it. >> that makes a lot more sense -- >> very similar. >> similar concept. >> can i make one point about obamacare -- you start as soon as tai they are born, and start saving. does he recognize there are millions of people who can't begin to save anything? >> but what he is saying is a lot of...
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Feb 8, 2013
02/13
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in the end, they gave in on tax increases, shep. >> shepard: ed henry on the north lawn. ed, thanks. that manhunt continues for the excop on an alleged killing spree in los angeles and beyond. a man whose onlineman fest toe warns you will now live the life of the prey. officers now guarding his supposed list of more than two dozen targets and their families. a liveup date from one of those crime scenes next. blizzard is on the way now for tens of millions of the people in the northeastern u.s. our chief meteorologist rick reichmuth is all over it. rick? >> i think that number is 23 million people under blizzard warning right now. boston is going to be the bulls eye for the worst of it and biggest snowfall they have ever had from any storm is 27. a inches. this 22 and a half inches was a few years ago. i lived in boston during that storm. boston streets are very narrow. get two feet of snow there and you try to plow that out and put it somewhere. there is no place for it to go. it really grinds the city to a halt. this is what the models i have been avoiding showing these
in the end, they gave in on tax increases, shep. >> shepard: ed henry on the north lawn. ed, thanks. that manhunt continues for the excop on an alleged killing spree in los angeles and beyond. a man whose onlineman fest toe warns you will now live the life of the prey. officers now guarding his supposed list of more than two dozen targets and their families. a liveup date from one of those crime scenes next. blizzard is on the way now for tens of millions of the people in the northeastern...
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Feb 7, 2013
02/13
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republicans and declaring he is ready to hit the road to sell the public on spending cuts and more tax hikes. >> is that an argument they want to have. that is an argument i'm more than willing to engage in. >> reporter: a new poll shows the public sharply disagrees with his claim that the federal government does not have a spending problem. 83% says it does have a problem and 14% say no. >> the american people will not accept another tax increase to put up a spending cut that the two parties have agreed to. >> reporter: nation security may be hanging in the balance. with the defense secretary leon panetta warring about the deep cuts coming on march 1st. >> this is will bad but damage national defense and compromise our ability to respond to crisis in a dangerous world. >> those cuts could mean a one month furlough for up to 800,000 civilian defense employees and he mocked leaders over news reports they are desperately seeking alternatives that could include other parts. >> they recognize the sequester is is a bad idea, but what they suggested the only way to replace it now is for us t
republicans and declaring he is ready to hit the road to sell the public on spending cuts and more tax hikes. >> is that an argument they want to have. that is an argument i'm more than willing to engage in. >> reporter: a new poll shows the public sharply disagrees with his claim that the federal government does not have a spending problem. 83% says it does have a problem and 14% say no. >> the american people will not accept another tax increase to put up a spending cut that...
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Feb 7, 2013
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we take no tax dollars. we don't have the ability to reduce costs in a way a private business would. and we are at the end of our borrowing authority. to give some perspective of our liquid situation, a typical large organization would either have cash on hand or quick borrowing ability. in october, the postal service had less than four days of cash on hand. that's a very scary situation and no situation that a business should be in. and this is why we have taken aggressive steps to reduce our costs and why we have been so vocal about seeking postal reform legislation. we faced a major hurdle to return to profitability and long-term stability. we need to generate $20 billion in cost reductions and revenue increases to close the budget gap and be able to repay our debt, both close the gap and repay the debt. and this is why the board of governors has directed us to take every necessary step to reduce costs and conserve cash necessary to continue our operations. it's what we have been doing consistently over t
we take no tax dollars. we don't have the ability to reduce costs in a way a private business would. and we are at the end of our borrowing authority. to give some perspective of our liquid situation, a typical large organization would either have cash on hand or quick borrowing ability. in october, the postal service had less than four days of cash on hand. that's a very scary situation and no situation that a business should be in. and this is why we have taken aggressive steps to reduce our...
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Feb 4, 2013
02/13
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but there's a loser in taxes, too. >> i think we are all losers when it comes to taxes in the end. >> good point. >> 12 minutes after the hour. 911 supposed to help people in an emergency. why is one city refusing to no longer send police officers to help in certain situations in we will tell you about that. you saw how the ravens reskted to the super bowl on the field. how did the city of baltimore honor their victory. >>> in the meantime a look at the gas prices. new national average is 3.52 a gallon. [ male announcer ] it's a rule of nature. you don't decide when vegetables reach the peak of perfection. the vegetables do. at green giant, we pk vegetables only when they're perfect. then freeze them fast so they're are as nutritious as fresh. [ green giant ] ho ho ho. ♪ green giant >> new clues into the death of the woman who died in turkey. she died from a blow to the head. at least 11 people have been held now for questioning. mohammedal lace family hitting back against reports he is near death. the family posted this photo of him wearing a ravens shirt. he was excited for the su
but there's a loser in taxes, too. >> i think we are all losers when it comes to taxes in the end. >> good point. >> 12 minutes after the hour. 911 supposed to help people in an emergency. why is one city refusing to no longer send police officers to help in certain situations in we will tell you about that. you saw how the ravens reskted to the super bowl on the field. how did the city of baltimore honor their victory. >>> in the meantime a look at the gas prices....
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Feb 8, 2013
02/13
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the gas tax. give us the numbers. >> well, we do have a problem with infrastructure in america. you heard the secretary's comments and you're right. only 6% of the stimulus money was spent on infrastructure, and the rest was spent on things that didn't help much. so we have a problem and it's the gasoline tax on a state of decline because of inflation, alternative fuels and cafe standards and so forth, and we have the most congested area in america, northern virginia. so we're trying to build infrastructure. the gas tax is going to keep declining so we're suggesting let's get rid of and it replace it with a sales tax that froze with the economy. >> let's tell the viewers the numbers. the virginia gas tax is 17-1/2 cents per gallon. nationwide it's 18.4. you're saying eliminate the 17-1/2 sentences per gallon state sales tax and add .08% on sales of everything. is that right? >> that's right. what happens is we're not the lowest gas prices in the country, everybody is going to want to buy gas in vi
the gas tax. give us the numbers. >> well, we do have a problem with infrastructure in america. you heard the secretary's comments and you're right. only 6% of the stimulus money was spent on infrastructure, and the rest was spent on things that didn't help much. so we have a problem and it's the gasoline tax on a state of decline because of inflation, alternative fuels and cafe standards and so forth, and we have the most congested area in america, northern virginia. so we're trying to...
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Feb 8, 2013
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may making 400,000 a year may have additional income tax to deal with as well as higher taxes on capitol gains and dividends. americans are learning the hard way if you want government services somebody has to pay for them. >> diane macedo fox news. thank you very much. >>> coming up baltimore ravens running back had no problem running more than 1,000 yards during super bowl. but standing on this float gave him a run for his money. >> if your young man is anything like mine we have bad habits we can't seem to break. we have gadgets ladies that can help solve your problem. >> let's check in with steve doocy to see what's coming up on "fox & friends." >> you have no bad habits. >> none of those involving a lid. big storm coming to the northeast. also there's a gigantic manhunt looking for a cop killer who is probably a former cop. panetta and brennan get grilled on the hill. a media backer is up for a commerce post in the administration. is that possible? plus are you cheap or thrifty like me? find out how to live the good life for less. fox and friends starts 12 minutes from now. [ dylan
may making 400,000 a year may have additional income tax to deal with as well as higher taxes on capitol gains and dividends. americans are learning the hard way if you want government services somebody has to pay for them. >> diane macedo fox news. thank you very much. >>> coming up baltimore ravens running back had no problem running more than 1,000 yards during super bowl. but standing on this float gave him a run for his money. >> if your young man is anything like mine...
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Feb 7, 2013
02/13
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a new survey shows voters supporting tax increases to pay for services and higher salaries for people like police officer who agreed to pay cuts in recent years due to budget shortfalls. >>> this morning president obama attended the all national prayer breakfast in washington, d.c. the event featured a performance by italian singer bocelli. [ singing ] >> first lady michelle obama and vice-president joe biden joined the president at the event. during a lighter moment the president told the crowd he wished the good feelings at the gathering had a longer shelf life. >> but i do worry sometimes that as soon as we leave the prayer breakfast everything we have been talking about the whole time at the prayer breakfast seems to be forgotten. on the same day of the prayer breakfast. >> president obama then went to virginia to speak to house democrats at their annual retreat. >>> after that retreat those house democrats are expected to unveil their proposal for curbing gun violence, similar to the one proposed by the president. it includes a ban on assault weapons, and high-capacity magazines
a new survey shows voters supporting tax increases to pay for services and higher salaries for people like police officer who agreed to pay cuts in recent years due to budget shortfalls. >>> this morning president obama attended the all national prayer breakfast in washington, d.c. the event featured a performance by italian singer bocelli. [ singing ] >> first lady michelle obama and vice-president joe biden joined the president at the event. during a lighter moment the...
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Feb 8, 2013
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." -- please tax me more." we have gotten so desperate in this area that we are talking about, perhaps because we cannot make a policy decision on this and have not since the early 1990's on the federal level, maybe we need to go to indexing of the fuel tax. >> you are talking like infrastructure, not to pay for subsidies, right? >> what we need is more infrastructure, and that is a public good, and it needs to be paid for, and generally with tax revenues. i do not think anybody is faulting that. i think it is sold that we need higher fuel tax, and we can use that either to reduce the deficit or to pay for something else. it was designed -- or intended -- whether it has done so successfully or not, it was done to pay for infrastructure. >> absolutely. we are not real happy about that. >> john, what are you hoping for next week? >> for some reason, i have not been consulted on that. the president in the campaign said he was 4 and all of the above energy policy, so let's have some announcements that support that
." -- please tax me more." we have gotten so desperate in this area that we are talking about, perhaps because we cannot make a policy decision on this and have not since the early 1990's on the federal level, maybe we need to go to indexing of the fuel tax. >> you are talking like infrastructure, not to pay for subsidies, right? >> what we need is more infrastructure, and that is a public good, and it needs to be paid for, and generally with tax revenues. i do not think...
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Feb 8, 2013
02/13
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he's also pushing for a sales tax increase and hopes voters will approve it next year. >>> with tax season approaching, there's word the irs is cracking down on identity thieves and tax cheats. for details on that and the rest of your news before the bell, let's turn things over to bertha coombs live at cnbc world headquarters. good morning. >> good morning. we do have snowflakes falling already although they told us we wouldn't get snow until this afternoon. got everybody a little bit nervous. it's one of those weeks where we have seen the dow treading water after hitting 14,000 last week. yesterday we closed well off the lows. there are worries about the european debt crisis again with the scandal in spain. also the european central bank saying risks for the region are to the downside. investors reacted to disappointing productivity data as well. today we'll get more data on the economic front on the trade deficit and wholesale trade. the dow losing 42 points to 13,944. looks to be down for the week. nasdaq slipped to 3165. the irs is cracking down on criminals who use stolen identities
he's also pushing for a sales tax increase and hopes voters will approve it next year. >>> with tax season approaching, there's word the irs is cracking down on identity thieves and tax cheats. for details on that and the rest of your news before the bell, let's turn things over to bertha coombs live at cnbc world headquarters. good morning. >> good morning. we do have snowflakes falling already although they told us we wouldn't get snow until this afternoon. got everybody a...
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Feb 6, 2013
02/13
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WUSA
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we find it alarming, you will, >>> it's tax season now, but imagine trying to file your taxes only to find out someone beat you to it. it's a nightmarish reality for millions of americans and many of them are your neighbors. a crime where you can be victimized over and over again. according to the treasury inspector general for tax administration, nearly 1.2 million cases were reported to the irs in 2012. and tonight, the two people you're about to hear from say they now live in constant fear. >> my counselor gave me a call on the telephone and said we couldn't file electronically. >> irs granted jonathan again an extension to file his 2011 tax. he needed the time to grieve. she was full of life, even as a brain tumor took a toll on his little body. >> she's an amazing little girl. never complained once. >> alexis died shy of her fifth birthday. finally file the taxes, he got another blow. >> the family stolen the social security number and used it to file a tax return. >> i said they must have made a mistake. >> nadine's social security number was used for a different kind of identit
we find it alarming, you will, >>> it's tax season now, but imagine trying to file your taxes only to find out someone beat you to it. it's a nightmarish reality for millions of americans and many of them are your neighbors. a crime where you can be victimized over and over again. according to the treasury inspector general for tax administration, nearly 1.2 million cases were reported to the irs in 2012. and tonight, the two people you're about to hear from say they now live in...
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Feb 9, 2013
02/13
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FOXNEWSW
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what it would do is get rid of the irs and get rid of incomers taxes and go straight to use tax. you want this? you pay the taxxe on it. >> flat tax makes more sense. >> same thing. similar, very similar. >> similaril concept. >> when obama said you start y when they're born, give them a card and have them start saving, does he recognize there are millions of people who couldn't begin to save anything? >> but what he's saying is whatt forward, which s are tax credit programs when a baby is born, if you want to start saving for a college education, you can start saving. >> i'm saying there are millions of people couldn't begin to save. >> thighs millions of people also have cell k phones and flat screen tv's in their house so they can save. if you can buy a phone, you can get health care. by the way, the doctor was making -- all he wasr doing was point that all doctors are making that no one understands. they're small businessmen. >> he was embarrassing barak obama. >> i would have done the samegu thing. if anybody had the same opportunity, they should. >> at least he was courageo
what it would do is get rid of the irs and get rid of incomers taxes and go straight to use tax. you want this? you pay the taxxe on it. >> flat tax makes more sense. >> same thing. similar, very similar. >> similaril concept. >> when obama said you start y when they're born, give them a card and have them start saving, does he recognize there are millions of people who couldn't begin to save anything? >> but what he's saying is whatt forward, which s are tax...
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Feb 7, 2013
02/13
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MSNBC
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although he opposes the automatic cuts, republicans are not willing to back a plan that involves new tax revenue as the president has called for. >> i don't like the sequester. i think it's taking a meat ax to our government. a meat ax to many programs and it will weaken our national defense. now that's why i fought to not have this sequester in the first place. >> other news to get to this morning, republicans selecting senator marco rubio to deliver the party's rebuttal to president obama following his state of the union address on tuesday. rubio, of course, a rising star for the gop and potential white house contender in 2016 plans to respond to the president in english and spanish. rubio is also among a group of influential senators calling for comprehensive immigration reform including stronger border security and a pathway to citizenship for the 11 million undocumented workers already in the country. the gun advocacy group mayors against illegal guns is pulling out all the stops this week to get the message across. first, it was a reported $100,000 ad buy for a super bowl spot that
although he opposes the automatic cuts, republicans are not willing to back a plan that involves new tax revenue as the president has called for. >> i don't like the sequester. i think it's taking a meat ax to our government. a meat ax to many programs and it will weaken our national defense. now that's why i fought to not have this sequester in the first place. >> other news to get to this morning, republicans selecting senator marco rubio to deliver the party's rebuttal to...
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Feb 7, 2013
02/13
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but now millionaires are staring head on at a federal state income tax of 51.9%. and you guessed it, it is the highest in the nation. one saving grace for the moment, californians can deduct state tax from federal returns. >>> up next, your "early today" sports highlights. plus, meet a nasty nanny whose pension for slapping this kid just got her slapped by the law. >>> and now to some other stories that caught our eyes this morning. in new york, disturbing video shows a nanny slapping a 9-month-old for not eating. when the mother saw what was going on, she rushed home .fired the caretaker who has been charged with endangering the well fare of a child and resisting arrest. >>> in texas, 22-year-old grad student and chicken farmer has grown so close to his flock over the years, he's known around as chicken boy. he's handled the chickens for so long, he's even picked up the language. >> it's like i just laid an egg in this box, come lay your egg. and it's -- >> the chicken boy plans to go and continue his education so he can some day become doctor chicken and that's
but now millionaires are staring head on at a federal state income tax of 51.9%. and you guessed it, it is the highest in the nation. one saving grace for the moment, californians can deduct state tax from federal returns. >>> up next, your "early today" sports highlights. plus, meet a nasty nanny whose pension for slapping this kid just got her slapped by the law. >>> and now to some other stories that caught our eyes this morning. in new york, disturbing video...
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Feb 8, 2013
02/13
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income tax. get rid of it. it's around 23% of every sale, and what it would do is you get rid of the irs, get rid of income taxes and you go to straight use tax. you want to buy this? you pay the tax on it. >> makes a lot more sense. >> same thing. similar, very similar. >> similar concept. >> can i make one point about obama care? when he said you should start as soon as their born, give them a card and have them saving. does he recognize there are millions and millions of people in the country who couldn't begin to save anything. they live day by day. >> states have put forward tax credit programs. if you want to save for their college education, you can send up fo their fund. >> these millions of people have cell phones and flat screens tvs in their house so she can save. if you can buy a phone, you can get health care. by the way, the doctor was making -- all the doctor was doing was making a point that all doctors are making that no one understands. they're small businessmen. >> he he was em
income tax. get rid of it. it's around 23% of every sale, and what it would do is you get rid of the irs, get rid of income taxes and you go to straight use tax. you want to buy this? you pay the tax on it. >> makes a lot more sense. >> same thing. similar, very similar. >> similar concept. >> can i make one point about obama care? when he said you should start as soon as their born, give them a card and have them saving. does he recognize there are millions and millions...